ANDERSON CONSTRUCTION LIMITED
Company number: 02605194
Reporting period:
2 April 2018
to 30 September 2018
This report was filed on 31 October 2018
and approved by Andrew Short
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 55%
- in 31 to 60 days: 39%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 44 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
60 days
Standard payment terms
Anderson's standard payment terms for product supplies are payment at the end of the following calendar month of invoice date
Anderson's standard payment terms for subcontractors is 35 days following the subcontractors valid application for payment
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
For product supplies the first point of contact for invoice related queries should be the accounts contact or the original contact who placed the order. To ensure prompt payment, invoices must quote a valid purchase order.
If you are a subcontractor and have any concerns around the processing of your payment you are advised to speak directly with your initial contact that arranged the works with you.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
Does this business offer e-invoicing in relation to qualifying contracts? This is where suppliers can electronically submit and track invoices. It’s not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance? This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No